We’ve added this title for Bill to better recognize his role within our organization. His leadership is important to Mill Creek’s ability to maintain its position as a premier investor in great communities in some of the best markets in the country.
DALLAS, Texas (PRWEB) January 06, 2016
Mill Creek Residential, a leading multifamily investor, builder and operator specializing in premier apartment communities across the U.S., today announced it has named William C. MacDonald as its first president.
MacDonald, who will maintain his role as chief investment officer, is a founding shareholder of the company and has a prominent track record of business accomplishments, leadership and team building with Mill Creek. The move was effective Dec. 1.
“Mill Creek is a rapidly growing enterprise, and Bill McDonald has been a big factor in that growth,” said Charles R. Brindell Jr., chairman and chief executive officer of Mill Creek Residential. “We’ve added this title for Bill to better recognize his role within our organization. His leadership is important to Mill Creek’s ability to maintain its position as a premier investor in great communities in some of the best markets in the country.”
As chief investment officer and president, MacDonald will continue to have responsibility for all development, construction, acquisition and market research activity for a Mill Creek pipeline that has a total capitalization of more than $8 billion. He will also continue to administer the company’s capital allocation across its development and acquisitions portfolio.
“This is well-deserved recognition of Bill’s accomplishments,” said Michael Hefley, chief operations officer for Mill Creek Residential. “I’ve known Bill for a long time both personally and professionally. One of the most valuable elements of his extensive and long record of success that can be overlooked at times is his focus on quality. Bill has led the development and acquisition of the highest quality portfolio of apartment communities that I have ever been associated with.”
Prior to becoming chief investment officer in 2013, MacDonald served as Mill Creek’s executive managing director for the East Region, where he was responsible for development, construction, finance and acquisition activities in the eastern portion of the country. He held the same post at Trammell Crow Residential prior to participating in the founding of Mill Creek, where his divisions were responsible for the development of more than 40,000 residential homes and capitalization exceeding $5 billion.
MacDonald initially joined Trammell Crow Residential as the chief financial officer for the South Florida Division. Previously, he was the senior vice president for a private Connecticut-based real estate company. He began his real estate career as a senior loan officer for Citicorp Real Estate Inc.
The University of Maryland graduate earned his Masters of Business Administration from the Columbia Graduate School of Business. Recognized as a leader in the multifamily industry, he is the immediate past chairman for the Urban Land Institute Multi-family Gold Council and currently is the counselor to the four Multi-family Councils at ULI.
About Mill Creek Residential
Mill Creek Residential Trust LLC is a national multifamily company focused on the development, acquisition and operation of apartment communities in targeted markets nationwide. The company proactively pursues development, acquisition and construction opportunities through its seasoned team of real estate professionals in 14 offices across the United States. Mill Creek is building its portfolio in many of the nation’s most desirable apartment markets in Seattle, Portland, the San Francisco Bay area, Southern California, Denver, Dallas, Austin, Houston, South Florida, Tampa, Orlando, Atlanta, Washington, D.C., New Jersey, New York, and Boston. As of September 30, 2015, the company’s portfolio comprises 47 communities representing nearly 14,162 apartment homes that are operating and under construction. For more information, please visit http://www.MillCreekPlaces.com.